Seriously. This can't be good for anyone...

So I just posted this an hour ago on r/vancouver in hopes of getting my stolen iPhone 4 back.

http://www.reddit.com/r/vancouver/comments/zn194/debt_ridden_student_had_iphone_stolen_while/

Then while commenting back and listening to new music I have become obsessed with.

I decided to check my bank accounts.


WTF is THAT!
Talk about bad luck. Thank the Great Magnet for having friends and loved ones that can do a loaner! 

If Money = Debt, What do we do?

After watching Zeitgiest: Addendum, many things spring to mind.

The US has learned how to use invisible money, “the principle”, and interest to control the poor into giving up their labor and tangible work. This allows controlling them into slavery where they feed and house themselves into debt. Again the Global Corporations, 40% which originated from the US have taken this debt/bullying/death tactics into the Global Market.

As a student in debt and struggling to better myself by achieving that BA which society claims to hold as a way to establish myself in this emergent society I can feel the grip of the system playing its role. Since my social skills are low compared to those who can use their abilities to communicate and convince those in ‘business’ that can aid them as being a valuable investment, I must go the route of educational investment.

This though costs money, which is really just debt. Therefore it seems that I have positioned my self to attain an imaginary level of convenience by creating that debt load to be paid off once my credentials are in place and I can attain a job/career where they will receive their payments, but really they don’t want their payments sooner, interest is where they can place me in their grip longer, like the tobacco companies and their success on that habit of mine. A whole life to pay rather than killing me quickly and ending my contributions.

This though has ramifications even backwards towards my parents. I couldn’t get a loan at first without someone to back me. All for the banks ability to collect their ‘donations’ and interest. Where is their backer though? Don’t they just make the money up digitally once they’ve given it to me? Why should my parents have to potentially become foreclosed, or threatened to take more mortgages out on property that has had the toil and labor and time and love that my parents have put into it.

These questions plague me, but are common as water and bread. It is by far a terrible system that is in place. Thoughts of changing it all and making a new form of society that allows for equality, freedom (as hard as that may be to define), life and health, happiness and safety from ‘evil’. These are easy to image but close to impossible to achieve unless with a wide source of disposible income and political connections.


“Profit” is something that sticks out and crawls along the skin like a flesh eating disease the most when applied to attempting these changes towards a political societies focus and goals for a competitive future. Scarcity has brought to birth the concept of ‘value’.What a shame.

Global Rich List

I was shown this excellent site that puts the global income of individuals into a good perspective. Global Rich List places your income in terms of the globes population.
By showing someone where they stand in the world it can have a larger impact than where they stand in their own nation. It did for me. Makes we wonder if reasons like this and blind faith in our ideology of capitalism, politics, and religious faith made Einstein denounce his nationhood and faith to become an individual of our planet Terra?

By toying around with the income input I've also seen the drastic differences that the exchange rates between nations has on one's standings within the list. 34,000 UK Pounds puts you in the top 0.9%, while 34,000 US Dollars puts you in the top 4.91%. Make those Canadian dollars and you move into the top 6.88%.

This is insight had more impact from finding it for myself then if some economic class laid it out as some abstract fact of the systems establish parameters.
I guess in the long run Thatcher didn't fuck all the kids.

The Recession is my Fault!

As a student I’ve come to realize that to achieve a Bachelor Degree based solely on loans and credit I shall come out at least $100,000 in debt. This I have found across North America to be the norm. Debt ridden students are not hard to come by and even plays a role in many satirical jokes around family tables.

I’ve also found that class structure in the academic pursuit pathway is still as rampant as ever. Coming across a few good websites for how to aid those in the lower class spectrum, the Coalition for Student Loan Fairness is one that seems to provide the most information and chances for change and becoming informed on the situation and process that Canada follows in its Student Loan Programs.

Alas but what does this have to do with the recession being my fault? That insight comes from the fact presented to me from my debt collectors FAQ. After explaining how peace of mind from profession debt collection services providing services to the consumer and the credit grantors and explaining how people from all walks of life end up on their lists, they give the wonderful advice to stay calm and realize just as consumers depend on their income to survive so do credit grantors depend on their loans being paid to continue their business as a successful practice.

This I can agree upon as a state of how the economy works. Ignoring the fact that monetary funds and credit card companies fueling the problem of throwing people (like myself) access to funds that they have no real means to achieve. Keeping us in debt for years to come.

What really sparked my emotions was the last question and response which is stated as follows.

How does bad debt affect the economy?

Because businesses need to cut losses, the cost of bad debt is often deflected by raising consumer prices. Since there is a limit to how high prices can be increased before business begin losing customers, bad debt also results in business failures and job loss.

To me this implies that the backlash from my bad debt and lacking a moral will to pay off that which was foolishly given to me in the first place by the MasterCard is a contributing factor in the recent degradation of our global economy and the resulting recession. To those that have lost their jobs and businesses I apologize. Not to you individually but to the system as a whole that functions in this backwards idea that to make everything fluid and productive we need to facilitate the money lenders and allow them to raise more digital dollars.

The recession is not my fault. It’s the systems of stocks and bonds, and loans and debt that are the cause. Please don’t humor me. I may be young and brash, against the status quo, but I am not a man made of magical money. I do not have family with buckets of stored information of money made. I, like millions out there in the world, am striving to better myself and my future, at least cut me some slack on insulting my intelligence.